Here are five things you must know for Friday, Sept. 27: 

1. -- Stock Futures Up as Trade Talks Move Forward, Investors Look Past Impeachment Drama

U.S. stock futures were rising on Friday following reports that stalled trade talks between the U.S. and China would resume Oct. 10 in Washington, and as investors tried to look past any possible impacts from an impeachment inquiry of Donald Trump.

Chinese Vice Premier Liu He will be representing the delegation from Beijing, people close to the talks told CNBC.

In addition, China's top diplomat, Wang Yi, who serves as China's state councilor and foreign minister, said China was willing to buy more U.S. goods, and said trade negotiations would yield results if both sides "take more enthusiastic measures" to show goodwill and reduce "pessimistic language" in their trade dispute.

"And so, (on) the Chinese side, we are willing to buy more products that are needed by the Chinese market," Wang told Reuters on the sidelines of the United Nations General Assembly's annual gathering on Thursday.

"We hope both sides can take more enthusiastic measures, reduce pessimistic language and actions. If everyone does this, talks will not only resume, but will proceed and yield results," he said.

Contracts tied to the Dow Jones Industrial Average rose 60 points, futures for the S&P 500 gained 8.25 points, and Nasdaq futures were up 18.25 points.

Stocks closed lower Thursday as investors pulled back after the release of a whistleblower complaint that has sparked an impeachment investigation of Trump added more volatility to markets.

"The impeachment of Trump will now become a drawn-out saga that feels like annoying supermarket music," said Jeffrey Halley of Oanda on Friday.

The finished down 80 points, or 0.3%, to 26,891, the S&P 500 fell 0.24%, and the Nasdaq dropped 0.58%.

The

economic calendar

in the U.S. Friday includes Durable Goods Orders for August at 8:30 a.m. ET, Personal Income and Outlays for August at 8:30 a.m., and Consumer Sentiment for September at 10 a.m.

2. -- Micron Slumps After Earnings Guidance Disappoints

Micron Technology (MU) - Get Report  slumped 5.56% to $45.90 in premarket trading Friday after the maker of memory chips issued disappointing earnings guidance for its fiscal first quarter.

Micron reported fourth-quarter adjusted earnings of 56 cents a share, topping the forecasts of analysts by 5 cents, while revenue of $4.87 billion fell from a year earlier but beat estimates of $4.59 billion.

However, Micron said it expects fiscal first-quarter adjusted earnings of 39 cents to 53 cents a share on revenue of $4.8 billion to $5.2 billion. Analysts had been expecting earnings of 53 cents a share on revenue of $4.8 billion.

Gross margin pressures - caused by memory price declines, product mix changes and slower manufacturing cost declines - were heavily responsible for Micron's earnings guidance, according to TheStreet's Eric Jhonsa. The company guided for first-quarter non-GAAP gross margin of 25% to 28%, which is down from a better-than-expected 30.6% in the fourth quarter, and well below a year-earlier margin of 59%.

The pricing environment for DRAM, which accounted for 64% of fourth-quarter revenue, remains more challenging for now. But CEO Sanjay Mehrotra noted on a conference call that server and graphics DRAM demand has begun rebounding in the wake of customer inventory corrections, and that smartphone DRAM capacities continue to rise.

3. -- Endeavor Pulls Plug on Initial Public Offering

After pulling back on its planned initial public offering and slashing its price range, entertainment giant Endeavor Group Holdings withdrew its initial public offering, one day ahead of its expected market debut.

Hollywood's biggest talent agency, which owns modeling agency IMG and the Ultimate Fighting Championship, had been scheduled to begin trading Friday on the New York Stock Exchange under symbol "EDR."

Reports said Endeavor was having trouble rallying investor interest in the IPO. The company originally planned to go public in May, but moved the timing to the fall.

In a statement, Endeavor confirmed the IPO postponement, saying that it would "continue to evaluate the timing for the proposed offering as market conditions develop."

In a regulatory filing earlier Thursday, the company had said it would offer 15 million shares for $26 to $27 each, down from the 19.4 million shares and expected price of $30 to $32 a share it had announced in a filing earlier in September.

The withdrawal of the IPO follows a disappointing debut from Peloton Interactive (PTON) - Get Report , the connected fitness company, which tumbled 11.2% to close Thursday at $25.76, below its initial public offering price of $29.

4. -- WeWork's New Leaders Are Cleaning House - Report 

Days after Adam Neumann stepped down as WeWork's CEO, the company's new leaders have moved to pare its headcount and assets, including advancing plans to remove nearly 20 friends and family members of Neumann and his wife, Rebekah Neumann, The Wall Street Journal reported, citing people familiar with the matter.

The former CEO's replacements at We Co., the parent of shared-office company WeWork, are expected to cut thousands of positions from its staff of more than 12,000 and are evaluating selling businesses outside its core leasing operation, people familiar with the matter have said. The goal is to prepare the leaner company for a public offering that would raise much-needed cash, likely next year, according to the Journal.

The highest-placed executive among those expected to leave WeWork is Michael Gross, a vice chairman who has been a longtime ally and friend of Adam Neumann's.

Another expected to leave is Chris Hill, the company's chief product officer who also is Rebekah Neumann's brother-in-law, the people told the Journal. Rebekah Neumann, a co-founder who also held the title of chief brand and impact officer, also will depart.

Meanwhile, the Financial Times reported that WeWork reportedly has been halting new lease deals with property owners in the United States.

The move, the Financial Times said, was part of We Work's effort to cut costs.

5. -- Delta to Take 20% Stake in Latin America's Largest Airlines

Delta Air Lines (DAL) - Get Report said Thursday it would take a 20% stake in Latam Airlines Group (LTM) - Get Report for $1.9 billion as part of a strategic partnership to provide travel services throughout North and South America.

American depositary receipts of Latam, the largest airline in Latin America, soared more than 44% in after-hours trading Thursday to $13. Delta rose slightly in premarket trading Friday to $58.89.

In addition to the investment, Delta will acquire four Airbus A350 planes from Latam and assume Latam's commitment to purchase 10 more A350s for delivery between 2020 and 2025.

The airline also pledged to invest $350 million to develop the strategic partnership between the two airlines. Delta also will gain representation on Latam's board.

Delta said it expects the deal to be accretive to per-share earnings over the next two years. It said the agreement won't affect its current financial commitments, including free cash flow and that it will remain within its targeted leverage ratios.

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